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China Digital TV Holding Co., Ltd. Message Board

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  • foreverdonquijote foreverdonquijote Nov 27, 2012 3:33 PM Flag

    R A T S

    So why in the world they specifically mentioned stockholders of Record NOV 26th in their announcement? Please reply.....

    Sentiment: Buy

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    • "So why in the world they specifically mentioned stockholders of Record NOV 26th in their announcement?"

      They would have made the same statement even if the 25% rule applied. In cases of a deferred ex-date, the company does indeed pay the dividend to holders of record as of the dividend record date but the due bills attached to every transaction during the period from two days before the record date through the payment date obligates the sellers, whether shareholders of record on the 26th or not, to forward the dividend to the owners of the shares as of the close of trading on the payment date. The company has no part in the due bill process; that is handled by the stock exchange and the brokerage houses. That's why the company pays the dividend to shareholders of record -- that's the only information they have on who owns the stock before the stock exchange begins the due bill process.

 
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